Just remember that BTS X is just one of MANY ideas that we will be rolling out so buying now and selling after March 1 is like buying high and selling low...
I have a question about this article recently posted on LTB ... http://letstalkbitcoin.com/caution-watch-for-falling-pts/
Since that announcement, the price of PTS has doubled; however, this rapid increase prior to the snapshot will likely be followed by a corresponding selloff after the snapshot as PTS will no longer be good for a cut in future BitShares X chains. Holders of BitShares will assume that privilege.
The above quote, combined with the quote below appear contradictory to one another due to my lack of understanding. Could someone please ELI5?
Although PTS prices often get quoted with the prices of altcoins, a PTS is a claim on future BitShares of numerous DACs planned by Invictus Innovations, rather than an empty token backed by speculation alone. When calculating the performance of your PTS investment, you have to include the value of all the spun-off DACs that you now also own.
Here's what I get so far ... If I hold 1 PTS when bitshares-PTS rolls out, my 1 PTS will get me ~1.33 BTS. The ~1.33 BTS are shares in bitshares-x the first DAC.
What happens to the 1 PTS? At this point I'm assuming, nothing "happens" to it. I will still have 1 PTS + 1.33 BTS.
Is this same 1 PTS "re-usable" to obtain another ~1.33 BTS in each DAC that rolls out in the future as well or have I "used up" that 1 PTS?
If I transfer/sell a PTS after I have obtained BTS for the PTS, do I still retain the BTS I obtained for that PTS? I'm assuming I do, since these are separate entities.
Thanks!
Nothing happens to the 1 PTS. You now have that plus approx. 1.33 BTS
The 1 PTS is still "usable" to get you shares in future releases of DACS, but not at 1.33 rate. At least ten percent of shares of future DACS that honor the Social Contract will be distributed to PTS holders, and you will STILL have your 1 PTS. and so on, and so on.
If you sell your 1 PTS after Feb 28, you still retain the 1.33 BTS you receive. You just won't have a share in future DAC releases (such as Bingo DAC, Domain DAC etc). You will, however, get shares in future iterations of the BitsharesX DAC from the 1.3 BTS if you hold on to that.